Kolmar Korea will acquire Yonwoo, Korea's leading cosmetics container manufacturer.

WHO: Established in 1983, Yonwoo has become Korea's number-one manufacturer specializing in packaging materials for cosmetic and personal care products. The company is known for its airless containers and dispensing systems.

Founded in 1990, Kolmar Korea is the country's leading cosmetics manufacturer development and production company (ODM).

WHY: Kolmar's acquisition of cosmetic container company Yonwoo will create synergies in its cosmetics business.

DETAILS:

• Kolmar Korea will acquire a 55% stake in Yonwoo for 2,86383.8 million won ($221.6 million).
• According to Infostock Daily, the acquisition price per share for acquiring the shares of CEO Ki Joong-hyun and Kim Yeo-ok was 42,000 won ($31.50). Ki's stake will be lowered from 59.28% to 5.3%, while Kim's 1.02% stake will be disposed of altogether.